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| NOVA Chemicals Corporation|
1000 Seventh Avenue S.W.
Canada T2P 5C6
NOVA Chemicals returns to the LDPE market
Calgary, Alberta (January 17, 2013) - NOVA Chemicals Corporation (NOVA Chemicals) today announced its Moore, Ontario low-density polyethylene ("LDPE") facility has returned to commercial operation at its full capacity.
"We are pleased to have our LDPE facility fully restored allowing us to return to the LDPE market. During the period between the incident in late 2011 and now, we committed resources and capital to not only rebuild the reactor, but also enhance our ability to operate more safely and reliably, with a streamlined product slate to better serve our customers," stated Chris Bezaire, senior vice president, polyethylene business.
Growth in the LDPE market is part of NOVA 2020, NOVA Chemicals` long-term asset strategy to capitalize on emerging feedstock opportunities and growing North American demand. Restoring the Moore facility is the first step in NOVA Chemicals` plan to strengthen its commitment to the LDPE market to better meet the needs of customers.
The Moore, Ontario facility produces both high-density and low-density polyethylene resins that are used in consumer goods such as; shrink wrap, food packaging, drums, heavy-duty sacks, protective packaging, gas containers and caps and closures.
About NOVA Chemicals
NOVA Chemicals develops and manufactures chemicals, plastic resins and end-products that make everyday life safer, healthier and easier. Our employees work to ensure health, safety, security and environmental stewardship through our commitment to sustainability and Responsible Care®. NOVA Chemicals, headquartered in Calgary, Alberta, Canada, is a wholly owned subsidiary of the International Petroleum Investment Company (IPIC) of the Emirate of Abu Dhabi, United Arab Emirates.
Visit NOVA Chemicals on the Internet at www.novachemicals.com.
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Source: NOVA Chemicals Corporation via Thomson Reuters ONE